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Thread: The USDX

  1. #1

    Default The USDX

    Can someone explain to me why the swedish krona is a component in this index?

    seems a tad odd and im having trouble finding an justification for it on the internet

    thanks in advance

  2. #2
    white swans need love too Timmy's Avatar
    Join Date
    Sep 2007
    Between the lines

    Default Re: The USDX

    The USDX seems to be a bit of an anachronism, started in 1973 at a base of 100 and only adjusted once since.

    The justification for including the SEK is that while Sweden is not a major trading partner of the US when compared to a country such as China or Mexico its currency floats and is one of the world's major trading currencies.

    So the basis for inclusion in the USDX is:
    Country is an important trading partner
    Country's currency floats & is a major trading currency.
    (IMHO of course)

    Hence the inclusion of the SEK.
    The contents of this post were tested, ruthlessly, on small, cute, furry animals. Most of them were fatally harmed. Hence, if this post causes irritation, please discontinue reading immediately.

  3. #3

    Join Date
    Jun 2008
    GE & NG
    Blog Entries

    Default Re: The USDX

    The market gods made the USDX that way because the hottest girls are from Sweeden.. Duuuhh


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